Comments
Transcript
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SPHi are we able to receive the slide deck that was discussed? Thanks.
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WMYes I made a lot on gold between 2001 and 2013 but sold a little late. I got out at 1470/ozt and I have just bought back in averaging around 1700. So yes, although I somewhat regret selling in 2013, I for sure regret not buying at 1450 when I almost "pushed" the button. Timing is everything.
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ARHow do you go thumbs down on this discussion?
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SBBrent, back in the late 1970's, through the early 80's, I held a senior position, building major capital projects (refinery in Indonesia; offshore facility in Norway; gas processing plant in Kuwait, etc), buying high value equipment from all over the world (Japan, S. Korea, Europe, US etc and locally). These contractors, in turn, would buy sub components from all over the world. The key issue in negotiations was always currency of contract and forex risk. At the start of the decade it was quite common for major contracts to be written in multiple currencies (i.e. a portion in lire, a portion in yen, etc) with the buyer taking significant forex risk. In those early days hedging markets were limited, so we had no choice but to accept this currency risk. By the end of the decade we had all moved to contracting in US$'s. Why? Because, after "big bang" the banks stepped up and started giving us longer and deeper hedging support. That was probably ground zero of your milkshake theory.
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NFEd is a world class interviewer. Let's his interviewee roam a bit but pulls him/her back to a conclusion on a question that was relevant to begin with.
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ATHappy to have my country (Indonesia) mentioned in the interview. Time to go long GLD, BTC, USD stablecoins
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VSEvery time I listen to Brent, I learn something new. Ed knows how to extract the max value from the experts. Would certainly appreciate the slides as a part of transcript.
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AIThanks for the interview and timely transcripts! Max: Could you please help out our little rally here for the "Rip Van Winkle: Liquidity Edition (Michael Howell)" transcripts? It's particularly relevant now and it had the most interesting data that wasn't mentioned elsewhere. Can we at least get the slide deck? https://www.realvision.com/shows/live/videos/rip-van-winkle-liquidity-edition-live-with-michael-howell?source_collection=cfffd5eb50df4dc4b8e5be35a3ec59c4&autoplay=true Thanks!
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AmGood move for Brent to expand the understanding of how milkshake fits in his entire portfolio management. You only want to be so heavily bound to a “theory” if it’s a small allocation of capital.
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DBExcellent deep analysis on potential dollar moves with many charts to support. After watching this video, I also read the transcript for trading ideas. Great job!
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FBThanks for laying out your thesis to us so extensively! Well prepared.
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MCCompelling slides showing the US is not the most profligate nation on a relative basis despite what all the USD bears say.
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MDExcellent interview. Brent makes a strong clear argument and knows his stuff in detail. Really appreciated this. Some tidbits of intel too which would allow some good trades. Timing would be tricky. A lot of respected people commenting on the Treasury warchest. My own questioning is that I can't believe that is accidental or just being kept in the back pocket for an unknown. Yet again, thanks Brent, and Ed. Great interview.
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MHGreat interview I always like hearing from Bret. It would be great to see a debate / conversation between him and a thoughtful dollar bear such as Ben Melkman or James Aitken. Both sides make very compelling arguments it would be great to hear them face off.
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LHfabulous
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GGExcellent interview. One of my favorites to date.
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GKThe much awaited interview/ update on $USD - can’t wait